Two-Way Radio Equipment Market Revenue to Cross US$ 12,034.52 million by 2028: The Insight Partners Global Analysis with COVID-19 Impact

According to our latest market study on "Two-Way Radio Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Signal Frequency, End-Use Industry, and Geography", the market is expected to grow from US$ 7,883.32 million in 2021 and is projected to reach US$ 12,034.52 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://bit.ly/3z7nOdl

Analog and digital two-way radios use a carrier frequency wave of very high frequency (VHF) or ultra-high frequency (UHF) to convey signals over a radio channel. Analog radios encode a spoken signal into a carrier wave using frequency modulation (FM). Digital radios do the same thing, but before the voice signal reaches the carrier wave, it goes through an extra encoding step where the message is encoded into binary packets to modulate the carrier wave frequency. With the rise in business opportunities across all industries, the need for reliable and real-time communication is increasing. Further, increased channel capacity, longer range coverage, better voice quality, longer battery life, GPS tracking, and trucking are the major benefits of increasing the adoption of digital two-way communication equipment.

The use of a digital two-way radio system improves the performance and efficiency of the radio communications system. It opens the door to various integrated applications and solutions that can unify communications from end to end, transforming the way businesses work. The digital radio system also covers applications such as video and security, dispatch, and job tickets. The rising demand for digital two-way radio equipment is influencing the players to develop new products. For instance, Motorola Solutions announced the launch of MOTOTRBO R7 in January 2022. It is digital two-way radio equipment with superior audio features and a small, rugged design for connecting teams in loud, harsh, and dynamic environments. All these factors are influencing the adoption of digital two-way radio equipment over analog systems, which drives the two-way radio equipment market growth.

Click here to avail lucrative discounts on our latest reports. We offer student, enterprise, and special periodic discounts to our clientele. Please fill out the inquiry form below to know more - https://bit.ly/391Cd05

North America is the most technically advanced region, owing to a well-established technology ecosystem, the existence of favorable economic policies, high acceptance of advanced technologies, and high GDP in countries such as the US and Canada. Further, technological advancements increased the adoption of advanced two-way radio equipment across various domains such as public safety, transportation, logistics, utilities, education, and hospitality.

Quick and effective communication is vital for law enforcement officers and the respective personnel who support them. As per the US Census Bureau Data of 2019, the country spent US$ 205 billion on law enforcement, which included expenditure of US$ 123 billion on policing and US$ 82 billion on corrections. Though relatively less populated than other US states, Washington, DC, and Nevada spent the most on policing and corrections.

Two-Way Radio Equipment Market: Competitive Landscape and Key Developments

BK Technologies Inc.; Hytera Communications Corporation Ltd; Icom America Inc.; Midland Radio Corporation; Motorola Solutions Inc.; Tait Communications; Wintec Co., Ltd; Uniden America Corporation; JVCKENWOOD Corporation; and Ritron Inc are among the major companies operating in the two-way radio equipment market.

Players operating in the two-way radio equipment market are mainly focused on the development of advanced and efficient products.

1. In 2022, Motorola Solutions launched the MOTOTRBO R7, two-way digital radio with superior audio capabilities and a small, robust design for connecting teams in noisy, harsh, and dynamic settings.

2. In 2020, JVCKENWOOD Corporation and EF Johnson Technologies, Inc. (EFJT) won the California Highway Patrol (CHP) contract in the US to deliver professional digital radio systems.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://bit.ly/3N4f4Jp

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.